AreaRepublic of Korea

Commodity GroupGrains

CommodityFeed ingredients

Date23/12/2015

Policy CategoryTrade

Policy InstrumentImport tariff

DescriptionAnnounced an updated list of adjustments to tariffs and voluntary tariff rate quotas for 2016 in order to facilitate imports of US agricultural products, particularly feed grains and food ingredients. The tariff rate quota for feed maize was set at 10 million tonnes with zero percent duty. Excluded from the list, milling wheat will carry a 1.8 percent duty.